Restricted Purposes Company

A Restricted Purposes Company is a corporate entity that is designed to act as a special purpose vehicle.

A Restricted Purposes Company is a company limited by shares whose memorandum states – (a) that the company is a restricted purpose company; and (b) the purpose or purposes for which the company is incorporated.

Restricted Purposes Company are predominantly used for specific purpose. Persons carrying out business with a Restricted Purposes Company have the additional layer of comfort that the company may not engage in any activity that is outside its stated purpose. The restriction on the company activities as stated in its memorandum is binding on the company, its shareholders and its directors.

A company that is not registered as a Restricted Purposes Company on its incorporation, continuation or re-registration shall not subsequently be registered as a Restricted Purposes Company.

RAK ICC Website Updates
RAK ICC Updates - Growing opportunities for Indian corporates in a changed world through RAK ICC
October 15, 2020
RAK ICC Updates - International Structuring in the UAE
July 19, 2020
RAK ICC Updates - RAK ICC Succession and Estate Planning in an Uncertain Environment – Webinar
July 12, 2020
RAK ICC Updates - How to meet Economic Substance Regulations in the UAE – Webinar
June 7, 2020
RAK ICC Updates - Key ways to protect your wealth – Webinar
May 10, 2020
RAK ICC Updates - RAK ICC launches Business Stimulus Measures to support its clients
May 6, 2020
How safe is your clients’ data? Privacy in the era of competing data legislation
RAK ICC Updates - How safe is your clients’ data? Privacy in the era of competing data legislation
March 23, 2020
RAK ICC Updates - RAK International Corporate Centre has launched its new Foundation product The RAK ICC Foundation launch event took place at JW Marriott Marquis
March 11, 2020
RAK ICC Updates - RAK ICC FOUNDATION REGIME LAUNCH-02 MARCH 2020
March 4, 2020
RAK ICC Guidance - RAK ICC Foundations Regulations 2019
January 8, 2020
RAK ICC Updates - RAK ICC Foundation
January 8, 2020
News & alerts
RAK ICC Guidance - RAK ICC Services & Fees 2020
December 31, 2019
RAK ICC Updates - ICAEW MIDDLE EAST ANNUAL HONORS CEREMONY-27 NOVEMBER 2019
December 11, 2019
Taxlinked Conference, Barcelona 2019
RAK ICC Updates - Taxlinked Conference, Barcelona 2019
November 26, 2019
Step Arabia Conference, Dubai 2019
RAK ICC Updates - Step Arabia Conference, Dubai 2019
November 26, 2019
RAK ICC Updates - ADGM and RAK International Corporate Centre partner to strengthen inter-Emirate cooperation
November 20, 2019
Step Asia 2019
RAK ICC Updates - Step Asia 2019
November 11, 2019
Meet The Registry Event – 23 October 2019
RAK ICC Updates - Meet The Registry Event – 23 October 2019
October 24, 2019
RAK ICC Updates - RAK ICC Facilitates International Trade and Commerce 1.How RAK ICC is positioning itself as a premium international jurisdiction? The first steps
September 30, 2019
RAK ICC Updates - INTAX CONFERENCE MOSCOW 2019
September 24, 2019
News & alerts
RAK ICC Updates - The Ras Al Khaimah-based corporate registry, RAK ICC, has unveiled three new board members, tasked with spearheading the organisation’s
September 11, 2019